Press release
Demand for Recycled Paper Bags Is Set To Increase At A CAGR Of 4.5% By 2033
According to Fact.MR's latest released report on recycled paper bags, the global market is set to be worth US$ 2.9 billion by the end of 2023 and is projected to expand at a CAGR of 5.5% between 2023 and 2033.The rising trend of using eco-friendly products and not harming the environment is creating huge demand for recycled paper bags in the global market. Various industries are promoting the use of recycled paper bags in their packaging, both primary and secondary. Especially retail product packaging and food and beverage packaging are the prime demand creators for recycled paper bags.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:- https://www.factmr.com/connectus/sample?flag=S&rep_id=6813?PJ
Different types of retail formats have been growing rapidly in the past few years and the trend is going to continue over the coming years as well. The rising number of single-person households and immigration of students across the world have led to a significant number of people who prefer ordering food from out rather than cooking at home. This has led to a rise in the demand for food packaging for transit till it is consumed, thereby benefiting recycled paper bag suppliers.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฅ๐๐๐๐ข๐ง๐ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
โข Novolex
โข WestRock Company
โข International Paper Converters Ltd.
โข Prime Time Packaging
โข United Bags Inc.
โข Luna Packaging LLC
โข International Paper
โข Icegreen
โข Globak PAK Inc.
โข Jet Paper Bags
โข Daklapack group
โข Sharper Bags
โข Gulfeast Paper & Plastic Industries LLC
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: https://www.factmr.com/connectus/sample?flag=RC&rep_id=6813?PJ
Key Takeaways from Market Study
โข By thickness, 1-ply recycled paper bags holds the largest market share of 41.3% in 2022.
โข By bag type, demand for pasted open mouth bags is projected to grow at a CAGR of 6.3% during 2022-2032.
โข Among the end users, demand from the commercial sector is projected to expand around 1.7X to reach US$ 3.6 Bn by 2032.
โข North America accounts for 28.1% share of the global market in 2022 and is forecasted to reach US$ 1.4 billion by 2032.
"North America will be the largest consumer of recycled paper bags with growing demand from retail and food & beverage packaging industries," says a Fact.MR analyst.
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐
โข By Bag Type :
โข Sewn Open Mouth
โข Pinched Bottom Open Mouth
โข Pasted Valve
โข Pasted Open Mouth
โข Flat Bottom
โข By Thickness :
โข 1 Ply
โข 2 Ply
โข 3 Ply
โข > 3 Ply
โข By End User :
โข Commercial
โข Agriculture & Agriproduce Packaging
โข Building & Construction Product Packaging
โข Food & Beverage Packaging and Delivery
โข Retail Product Packaging
โข Chemical Packaging
โข Others (Not Classified Elsewhere)
โข Individual / Household
โข By Region :
โข North America
โข Latin America
โข Europe
โข East Asia
โข South-East Asia & Oceania
โข Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the recycled paper bags market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on bag type (sewn open mouth, pinched bottom open mouth, pasted valve, pasted open mouth, flat bottom), thickness (1 ply, 2 ply, 3 ply, >3 ply), and end user (commercial (agriculture & agriproduce packaging, building & construction product packaging, food & beverage packaging and delivery, retail product packaging, chemical packaging, others), individual/household), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ: https://www.factmr.com/checkout/6813
Fact.MR's Domain Knowledge in Chemicals & Materials Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over a thousand reports and 1 Million-plus data points, the team has analyzed the chemicals industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐ ๐๐๐ญ.๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก: https://www.prnewswire.com/news-releases/rising-adoption-of-bio-based-plastic-to-propel-oleochemicals-sales-past-us-48-61-bn-by-2032--301588694.html
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About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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